Flores Corporation uses the indirect method to prepare the operating activities section of its statement of cash flows. The following is a partial list of the company's account balances: Title Land End of Year 2 End of Year 1 $ 65,900 $2,400 10,400 2,050 900 12,000 1,800 500 8,000 94,000 2,900 800 Accounts receivable 10,000 Prepaid rent 1,400 Prepaid insurance 2,800 Equipment 14,500 Accounts payable 1,400 Utilities payable 800 7,200 112,000 Cash Buildings Salaries payable 2,200 Unearned revenue 900 Additional information: Net income for Year 2 was $36,900, depreciation expense was $26,700, and equipment with a book value of $20,000 was sold for $18,000 cash.

Flores Corporation uses the indirect method to prepare the operating activities section of its statement of cash flows. The following is a partial list of the company's account balances: Additional information: Net income for Year 2 was $36.900, depreciation expense was $26,700, and oquipment with a book value of $20,000 was sold for $18,000 cash. Additional information: Net income for Year 2 was $36,900, depreciation expense was $26,700, and equipment with a book value of $20,000 was sold for $18,000 cash. Required: Prepare the operating activities section of the statement of cash flows for Year 2. (Note that a heading is not required.)